More Options Gainers:
We only formulated two sets of options ideas for yesterday morning’s premarket report, but we scored pretty well with both of them. Kohls was a post-earnings play, and we had been bearish on the SPY from the get-go this week.
Our exact target ranges were the KSS Weekly $60-62 Calls and the SPY 01/24 $435-432 Puts, and traders could have realized some pretty good profits off of either idea. With the markets continuing their recent downslide until midday, the SPY Puts were the most attractive option on the day.
Here are the total possible gains one could have recorded with those items of interest:
KSS Weekly $60-62 Calls
$60: 3.46-4.90 (+42%)
$61: 2.81-4.23 (+51%)
$62: 1.00-3.73 (+273%)
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SPY 01/24 $435-432 Puts
$435: 3.96-14.28 (+261%)
$343: 3.23-13.33 (+313%)
$432: 2.50-11.31 (+252%)
Fresh Options Ideas:
LOGI 02/18 $75-80 Calls
BRO 02/18 $65-70 Calls
AXP Weekly $160-165 Calls
OTC Review:
We also have a couple of plays on the stock side of things that we wanted to provide our readers numbers on this morning. We’ve been tracking UNQL and VTXB for one and two weeks, respectively, and they’ve produced some excellent multibag runs for us during that short time.
Unique Logistics Intl Inc. UNQL
1st Alerted: Jan.18th
Range: .023-.0689
Gained: +199%
Vortex Brands Co. VXTB
1st Alerted: Jan.13th
Range: .0125-.0494
Gained: +295%
Extended Watchlist:
APM, SRRA, TKLF, CKPT, CBIO, IGEX, BLLB, PURA, AMLH